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Sources: The U.S. will use Crypto Assets as collateral for "GSEs," which may lead to another subprime crisis.
According to Mars Finance, as disclosed by Caixin, the Federal Housing Finance Agency (FHFA) has ordered housing loan institutions Fannie Mae and Freddie Mac to consider using crypto assets as collateral in residential mortgage risk assessments. Several individuals in the crypto assets industry have stated that this indicates a significant shift in the asset review standards for Americans applying for housing loans, potentially allowing the use of crypto assets as collateral. An industry insider, who wished to remain anonymous, told Caixin that this is undoubtedly Favourable Information for the crypto industry, but if that is the case, the Fluctuation of the crypto assets market will directly impact the housing loan market, and the next subprime mortgage crisis would just be a matter of time.